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Bitcoin's Quiet Recovery: Signals a New Bull Cycle
Healthy correction in long-term uptrend
After a sharp correction, Bitcoin is showing signs of regaining bullish momentum , with technical indicators suggesting that this could be a necessary pullback before a breakout to new highs.
Analyst EtherNasyonaL said the move was “a healthy correction within the main uptrend,” as Bitcoin maintained a solid price structure and was supported by strong buying pressure in demand zones.
For non-leveraged investors, short-term fluctuations are just “ temporary noise in the bigger picture ,” he said.
Forming a bullish pattern signals a breakout
According to expert Christopher Inks , Bitcoin's recent price movements show a positive “spring” or “Swing Failure Pattern (SFP)” pattern , which often appears before a strong market reversal.
He explained that if this pattern is confirmed, Bitcoin could make a higher low on lower trading volume – a classic signal that the market is testing successfully before accelerating.
“This confirmation phase is crucial, as it could pave the way for a major rally towards new all-time highs,” Inks emphasized.
Technical signals reinforce breakout prospects
Inks points out that the gradual decline in the Open Interest (OI) index as the price moves sideways shows that short positions are being closed, confirming the return of accumulation by buyers.
Meanwhile, the Elliott Wave Theory bullish three-wave pattern shows the market is in a flattening correction phase – usually a stepping stone before continuing a larger uptrend .
Synthesizing these signals, many analysts believe that Bitcoin is accumulating energy for the next strong bounce , which could bring the price closer to or surpass the record mark of $125,700 in the next cycle.